Tue, 1 July
29.1 C
Yerevan
USD: 385.32 RUB: 4.91 EUR: 455.06 GEL: 141.61 GBP: 530.70

Total capital of Armenia’s credit organizations stood at 77.6bln drams in Q4

YEREVAN, February 14. /ARKA/. Total capital of Armenia’s credit organizations hiked by 23.4% to 77.6 billion drams in the fourth quarter of 2013, says the Central Bank of Armenia review of credit organizations for Q4.

Actual authorized stock of credit organizations exceeded 60.5 billion drams as of the end of 2013, an increase of 25.3% compared to 2012, according to the review.

Non-residents’ shares in the capital was about 13.8 billion drams, 13.9% reduction from the year before.

Capital reserve of credit organizations amounted to 1.8 billion drams and retained profit was about 5.7 billion drams as of the end of Q4, as compared to 4.6 billion drams at the end of 2012.

There were 33 credit organizations and 126 branches operating in Armenia as of the end of December 2013.

According to the Central Bank, total assets of credit organizations stood at 209.8 billion drams (24.5% year-on-year increase) and profits reached 5.7 billion drams (19.5% increase). ($1=412.30drams). –0—

spot_img

POPULAR

Armenia to receive EUR 26 million loan from KfW bank for renewable energy development

Armenia will receive a loan and a grant from the German KfW bank for the implementation of the "Renewable Energy and Energy Efficiency Development" program.

Ratio of loans to deposits in commercial banks of Armenia has improved – WB review

In April 2025, deposits and loans of commercial banks of Armenia increased by 1.5% y/y and 0.8% y/y, respectively, slightly improving the ratio of loans to deposits compared to the figures for the previous year.

AMX Reaffirms Compliance with International ISO Standards

The Armenia Stock Exchange and Central Depository (AMX) have successfully completed their compliance certification with ISO 27001:2022 for Information Security Management and ISO 9001:2015 for Quality Management Systems.

Euro falls by 0.62 points to 450.23 drams

The average market exchange rate of the US dollar against the Armenian dram as of June 27, 2025, decreased by 0.59 points compared to June 26 and amounted to 384.32 drams.

Armenia’s budget remained in surplus through April, despite a projected deficit

Armenia’s budget remained in surplus through April, despite a projected deficit, according to World Bank's Armenia Monthly Economic Update – June 2025.

LATEST NEWS

spot_imgspot_imgspot_img